Benzinga | Jul 29, 2020 07:10AM EDT

ArcBest: Q2 Earnings Insights

Shares of ArcBest (NASDAQ:ARCB) rose 1.5% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 27.17% year over year to $0.67, which may not compare to the estimate of ($0.01).

Revenue of $627,370,000 decreased by 18.68% from the same period last year, which missed the estimate of $641,550,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

ArcBest hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jul 29, 2020

Time: 09:00 AM

ET Webcast URL: https://event.webcasts.com/starthere.jsp?ei=1342401&tp_key=bba7bcc96c

Price Action

Company's 52-week high was at $33.53

Company's 52-week low was at $13.54

Price action over last quarter: Up 55.72%

Company Overview

ArcBest Corp is engaged in logistics operations. The company operates in three business segments namely Asset-Based, ArcBest and FleetNet. The company generates maximum revenue from its asset-based operations.